Aggregated price index with volume information
Summary:
- Life/Health Insurance stocks up 1.4% on average while median return up 1.3% in a day
- Life/Health Insurance stocks down 1.1% on average while median return down 0.5% in a week
- Life/Health Insurance stocks down 6.0% on average while median return down 3.8% in a month
- When average return is significantly different from median return, this implies an asymmetry - composite return is driven by some outliners.
Aggregated price index (close) is based on equal weighted constituencies returns. Average short volume and average total volumes are averaged across all volume data among constituencies.
- 1M winners are : Winners for past month are $CIA 4.3%, $AEL 0.4%
- 1M losers are : Losers for past month are $LNC -10.9%, $SNFCA -11.0%, $PRI -13.3%, $EHTH -20.3%, $GL -30.4%
- 1W winners are : Winners for past week are $CIA 3.8%, $VOYA 1.4%, $GNW 1.2%, $GL 1.1%, $VERY 0.5%
- 1W losers are : Losers for past week are $LNC -3.4%, $BHF -3.4%, $SNFCA -3.8%, $EIG -4.0%, $AMSF -8.5%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 38.6%, for the past 3 months is 27.5%
In the past month for a 5 days rolling window, the highest corrrelation is 49.5%, the lowest correlation is 7.9%, the latest correlation is 48.3%
When a correlation deviated from the normal level and goes lower or even negative, it indicates some of stocks have deviated from the normal direction of the group. The deviation could reverse if long term level of correlation was at a higher level. It creates trading opportunities and deserves study whether the deviation is idiosyncratic or systematic.
Among pairwise correlation, the highest correlation is 94.5% between MET and PFG
The lowest correlation is -43.1% between PRI and VERY
CNO Financial Group, Inc. (NYSE:CNO) Q1 2024 Earnings Call Transcript April 30, 2024 CNO Financial Group, Inc. isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here). Operator: Ladies and gentlemen, thank you for standing by. Welcome to the CNO Financial Group First […]
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RADNOR, Pa., May 01, 2024--Lincoln Financial Group (NYSE:LNC) announced today that the board of directors of Lincoln National Corporation has declared a quarterly dividend of $562.50 per share on the corporation’s 9.000% Non-Cumulative Preferred Stock, Series D, $25,000 liquidation preference per share, represented by depositary shares each representing a 1/1,000th interest in a share of the preferred stock, holders of which will receive $0.5625 per depositary share (NYSE: LNC PRD). The dividend
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Discover how CNO Financial Group Inc navigated the first quarter with significant growth in key sectors and strategic advancements.
Q1 2024 CNO Financial Group Inc Earnings Call